Author

Topic: Bitcoin Day Trading for the 0.125BTC trader (Read 2884 times)

sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
July 16, 2012, 07:34:24 PM
#4
I suspect that many of these trades are people trying to manipulate the market
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Translation for those who don't want to read it all: "BUY BITCOIN AND DON'T SELL IT"

 Cheesy

Than and, when you do trade, trade small amounts and when your trade is in the green, dont wait just take the profit and bet again 24/7

its not easy to say if the price will go up or down... but you can bet your ass the price WILL go up and down, it does! many times a day,

you could be buying and selling 24/7

also, by doing this your actually helping the market find precisely what the value of bitcoin is atm.

so get started today! get paid to help ditermin the excat price a bitcoin should be at any given moment!
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
So if you look at the order books, we see they are littered with asks / bids that are less then 1 btc. I'm speculating that these bids & asks  are new day traders buying and selling, not necessarily for big profits, but more for the fun of playing the game.

A bit of advice for the 0.125BTC traders

If your going to play this game, you might as well do it right, what you wana do is bet that the value of bitcoin will go up in the long term, to help ensure this happens you should set yourself up with a self fulfilling prophecy! make a bitcoin paper wallet https://www.bitaddress.org/, this wallet will serve as your OFFLINE investment account, you will deposit bitcoins into this wallet regularly or even better if you can only afford less then 1000$ for your MAX bitcoin investment, buy it in bulk on the cheep Wink

With only 21million bitcoin your small investment definitely DOES make a difference, on the internet 21million is nothing, think about it a stupid viral video gets millions of hits in a few weeks. Yes The bitcoin market has players much bigger then you, but its important you realize that ever dollar the people of the internet ( that's you  Wink ) invest in bitcoin, is what really makes the market.

OK now that you've played your part in securing the self fulfilling prophecy of bitcoin going to the moon, the day trading can start!

here we go,

first off, you have to understand your advantage over the big players. Yes the 0.125BTC trader has one very big advantage in the market that the big players do NOT. Its all about liquidity. Your trades are so small theirs no chance of your bid pushing the price higher, or one of your asks scaring anyone into panic selling  Tongue. So take advantage of this fact, and trade often! OVER Trade! What the 0.125BTC trader wants to do is bet on volatility. Don't try to predict weather the price will go up or down, but rather place a bet that says, price will go up and down. the price has been bouncing from 8 to 8.37 all day, the big players pushing the price up can NOT take advantage of these swings, they're betting big and they need a BIG swing up in-order for liquidity to allow them to take their profits. This is where the the 0.125BTC trader comes in, betting on volatility, he can extract profit all day long 24/7.your profits wont be more then 5-7%, but hey a winning trade is a winning trade and that's the fun!

to recap,

1) Bet that bitcoin will go up in the long term
2) Set yourself up with a self fulfilling prophecy ( hold on to your bitcoins, long term )
3) Have fun day trading, take advantage of bitcoin's limited liquidity volatility! that's the ticket for anyone trading a few coins at a time.


Translation for those who don't want to read it all: "BUY BITCOIN AND DON'T SELL IT"
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
So if you look at the order books, we see they are littered with asks / bids that are less then 1 btc. I'm speculating that these bids & asks  are new day traders buying and selling, not necessarily for big profits, but more for the fun of playing the game.

A bit of advice for the 0.125BTC traders

If your going to play this game, you might as well do it right, what you wana do is bet that the value of bitcoin will go up in the long term, to help ensure this happens you should set yourself up with a self fulfilling prophecy! make a bitcoin paper wallet https://www.bitaddress.org/, this wallet will serve as your OFFLINE investment account, you will deposit bitcoins into this wallet regularly or even better if you can only afford less then 1000$ for your MAX bitcoin investment, buy it in bulk on the cheep Wink

With only 21million bitcoin your small investment definitely DOES make a difference, on the internet 21million is nothing, think about it a stupid viral video gets millions of hits in a few weeks. Yes The bitcoin market has players much bigger then you, but its important you realize that ever dollar the people of the internet ( that's you  Wink ) invest in bitcoin, is what really makes the market.

OK now that you've played your part in securing the self fulfilling prophecy of bitcoin going to the moon, the day trading can start!

here we go,

first off, you have to understand your advantage over the big players. Yes the 0.125BTC trader has one very big advantage in the market that the big players do NOT. Its all about liquidity. Your trades are so small theirs no chance of your bid pushing the price higher, or one of your asks scaring anyone into panic selling  Tongue. So take advantage of this fact, and trade often! OVER Trade! What the 0.125BTC trader wants to do is bet on volatility. Don't try to predict weather the price will go up or down, but rather place a bet that says, price will go up and down. the price has been bouncing from 8 to 8.37 all day, the big players pushing the price up can NOT take advantage of these swings, they're betting big and they need a BIG swing up in-order for liquidity to allow them to take their profits. This is where the the 0.125BTC trader comes in, betting on volatility, he can extract profit all day long 24/7.your profits wont be more then 5-7%, but hey a winning trade is a winning trade and that's the fun!

to recap,

1) Bet that bitcoin will go up in the long term
2) Set yourself up with a self fulfilling prophecy ( hold on to your bitcoins, long term )
3) Have fun day trading, take advantage of bitcoin's limited liquidity volatility! that's the ticket for anyone trading a few coins at a time.
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